Anthropic had previously set its sights on a valuation as high as $2 trillion, but market participants now view a $1.5 trillion target as unlikely. A severe tech selloff—marked by the Nasdaq tumbling over 5% on Thursday—has intensified scrutiny over data center construction and heavy industry spending. An investor now anticipates the company will more realistically target between $1 trillion and $1.25 trillion. Anthropic is set to launch its IPO roadshow next week, aiming to list on the Nasdaq under the ticker ANT.
Key points
Investors now consider a $1.5 trillion valuation a stretch, expecting targets between $1…: Investors now consider a $1.5 trillion valuation a stretch, expecting targets between $1 trillion and $1.25 trillion.
Political shifts after the midterm elections and rising public skepticism threaten future…: Political shifts after the midterm elections and rising public skepticism threaten future AI data center expansions.
Analysts emphasize that Wall Street urgently needs the high-profile offering to succeed w…: Analysts emphasize that Wall Street urgently needs the high-profile offering to succeed within its lower valuation boundaries.
Sources checked by our analysis pipeline: 1
Following tech's selloff on Wall Street this week, some investors are lowering their expectations for Anthropic.
The artificial intelligence company had been looking toward a $2 trillion valuation in its IPO up until recently, but stakeholders told CNBC that even $1.5 trillion is now in doubt, with one investor calling that number a "stretch."
Anthropic declined to comment.
The change in sentiment comes alongside growing concerns about the outsized spending by AI companies and a sharp post-midterm slump in the market. The Nasdaq plummeted more than 5% on Thursday, its steepest drop in 19 months, reflecting fears that Democrats' newfound power in Washington, D.C., and a nationwide rebuke of AI will lead to a slowdown in the buildout of data centers.
Bearishness on the AI trade was on the rise before the election. The Nasdaq suffered its worst month in October since March 2025, led by declines in chipmakers and neoclouds.
Anthropic is set to list on the Nasdaq, under the ticker ANT, and is gearing up for an expected debut in a matter of weeks. Last month, Anthropic was…
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